Ground Floor Value-Add Retail Space
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Ground Floor Value-Add Retail Space
6 Retail Properties Online Auction Sale Fort Lauderdale, FL
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Investment Highlights
- Portfolio of ground floor retail condos within the trophy asset, the Galleria Corporate Center (GCC), and in an established commercial corridor.
- Each unit can be leased to different tenants or combined to accommodate potential tenant needs.
- 2455 E Sunrise Blvd is easily accessible via Sunrise Blvd, which sees over 28,000 vehicles daily.
- Six condo portfolio with value-add potential through lease-up and build-out to tenants in varying industries.
- There are over 59,000 residents living within a 2-mile radius; an impressive 4.4% growth over the last four years.
Executive Summary
Level Realty, in tandem with Ten-X, is pleased to present the opportunity to purchase retail condo units at the Galleria Corporate Center (GCC). GCC is a 168,807-square-foot, multi-tenant office building located in the rapidly growing Fort Lauderdale MSA. This opportunity encompasses fractured condo units with majority ownership representation.
The diverse mix of waterfront residential, name-brand retailers, coastal access, and proximity to multiple redevelopment projects makes the Galleria Corporate Center a prime location for any business looking to purchase an appreciating asset and establish a foothold in an exploding market. GCC is ideally located on East Sunrise Boulevard in Fort Lauderdale’s upscale Coral Ridge neighborhood. The adjacent lot will be a mixed-use project, consisting of 180 multifamily units, 4,400 square feet of restaurant, 1,350 square feet of retail, and 5,750 square feet of office.
Galleria Corporate Center is just 2.8 miles from downtown Fort Lauderdale and less than a mile from the beach. This thirteen-story office building offers ocean, Intracoastal, and city views. This centrally located property has an updated Butterfly MX entry system, a newly renovated lobby, upgraded security cameras, and restrooms. Tenants enjoy free parking, conference rooms, 24/7 security, on-site management, and an on-site restaurant and café. Numerous restaurants are within walking distance, including Publix, Starbucks, The Capital Grille, P.F. Chang's, Seasons 52, and Lasso Gaucho. The building is located directly across from the Galleria Mall, which features luxury shopping and restaurants and is set to be restructured and redeveloped over the next few years.
The Galleria Corporate Center, situated along the major thoroughfare E Sunrise Boulevard/SR-838 in Ft. Lauderdale, FL, boasts prime accessibility to numerous key locations. It is just 0.7 miles from A1A and the beach, 1.7 miles from US-1, 5.3 miles from I-95, and 6.6 miles from Florida's Turnpike. Fort Lauderdale International Airport is only 6.5 miles away, approximately a 16-minute drive, with Miami International Airport just 39 minutes away. Additionally, downtown Fort Lauderdale and the CBD are a short 2.8-mile drive, making this property ideal for those seeking to avoid downtown prices while enjoying an upscale address in a prestigious building.
The diverse mix of waterfront residential, name-brand retailers, coastal access, and proximity to multiple redevelopment projects makes the Galleria Corporate Center a prime location for any business looking to purchase an appreciating asset and establish a foothold in an exploding market. GCC is ideally located on East Sunrise Boulevard in Fort Lauderdale’s upscale Coral Ridge neighborhood. The adjacent lot will be a mixed-use project, consisting of 180 multifamily units, 4,400 square feet of restaurant, 1,350 square feet of retail, and 5,750 square feet of office.
Galleria Corporate Center is just 2.8 miles from downtown Fort Lauderdale and less than a mile from the beach. This thirteen-story office building offers ocean, Intracoastal, and city views. This centrally located property has an updated Butterfly MX entry system, a newly renovated lobby, upgraded security cameras, and restrooms. Tenants enjoy free parking, conference rooms, 24/7 security, on-site management, and an on-site restaurant and café. Numerous restaurants are within walking distance, including Publix, Starbucks, The Capital Grille, P.F. Chang's, Seasons 52, and Lasso Gaucho. The building is located directly across from the Galleria Mall, which features luxury shopping and restaurants and is set to be restructured and redeveloped over the next few years.
The Galleria Corporate Center, situated along the major thoroughfare E Sunrise Boulevard/SR-838 in Ft. Lauderdale, FL, boasts prime accessibility to numerous key locations. It is just 0.7 miles from A1A and the beach, 1.7 miles from US-1, 5.3 miles from I-95, and 6.6 miles from Florida's Turnpike. Fort Lauderdale International Airport is only 6.5 miles away, approximately a 16-minute drive, with Miami International Airport just 39 minutes away. Additionally, downtown Fort Lauderdale and the CBD are a short 2.8-mile drive, making this property ideal for those seeking to avoid downtown prices while enjoying an upscale address in a prestigious building.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
Market Analytics Click Here to Access
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Market Sale Price per SF
Fort Lauderdale - FL USA
Market Cap Rate
Fort Lauderdale - FL USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
| Sale Conditions | Auction Sale | Number of Properties | 6 |
| Sale Type | Investment | Total Building Size | 7,828 SF |
| Status | Active |
| Sale Conditions | Auction Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Total Building Size | 7,828 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
|
Galleria Corporate Centre
2455 E Sunrise Blvd, 1st Floor - Unit CU-1F, Fort Lauderdale, FL 33304 |
Retail Condo | 533 SF | 1973 |
|
Galleria Corporate Centre
2455 E Sunrise Blvd, 1st Floor - Unit CU-1A, Fort Lauderdale, FL 33304 |
Retail Condo | 2,187 SF | 1973 |
|
Galleria Corporate Centre
2455 E Sunrise Blvd, 1st Floor - Unit CU-1B, Fort Lauderdale, FL 33304 |
Retail Condo | 1,653 SF | 1973 |
|
Galleria Corporate Centre
2455 E Sunrise Blvd, 1st Floor - Unit CU-1C, Fort Lauderdale, FL 33304 |
Retail Condo | 969 SF | 1973 |
|
Galleria Corporate Centre
2455 E Sunrise Blvd, 1st Floor - Unit CU-1D, Fort Lauderdale, FL 33304 |
Retail Condo | 969 SF | 1973 |
|
Galleria Corporate Centre
2455 E Sunrise Blvd, 1st Floor - Unit CU-1E, Fort Lauderdale, FL 33304 |
Retail Condo | 1,517 SF | 1973 |
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About Central Fort Lauderdale
Fort Lauderdale is Broward County’s largest office employment hub when considering rentable space. The area borders the downtown central business district, yet rents are significantly lower here. South Florida’s main highway arteries, including Interstate 95 and U.S. Route 395, intersect in the locale. Fort Lauderdale is experiencing Broward County’s largest apartment construction wave in its history. High-growth multifamily areas that surrounding Fort Lauderdale include downtown Fort Lauderdale, Plantation, and Sunrise. Proximity to these areas, lower office rents, and connectivity are significant draws for office tenants.
Diverse office employment sectors, including healthcare and business services companies, as well as governmental organizations, have a substantial presence in Fort Lauderdale. Some of the largest office tenants in the area include Auto Nation, Charles Schwab, Stiles, Merrill Lynch, and Hotels.com.
Despite a low amount of office construction over the past decade, plenty of space is available here. Existing office space has drawn tenants such as FAME, SEACOR, and Weatherby Healthcare.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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